Business First Bancshares Inc

For the period ended Dec 31, 2023. Filed Mar 1, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Mar 1, 2024

BFST$32.73-0.2%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Income

(Dollars in thousands, except per share data)

	Years Ended December 31,
	2023	2022	2021
Interest Income:
Interest and Fees on Loans	$323,327	$218,032	$156,791
Interest and Dividends on Non-taxable Securities	4,340	4,131	4,274
Interest and Dividends on Taxable Securities	15,785	12,372	9,246
Interest on Federal Funds Sold and Due From Banks	9,875	1,579	127
Total Interest Income	353,327	236,114	170,438
Interest Expense:
Interest on Deposits	106,908	24,413	12,183
Interest on Borrowings	31,290	12,124	4,371
Total Interest Expense	138,198	36,537	16,554
Net Interest Income	215,129	199,577	153,884
Provision for Credit Losses	4,483	10,886	8,047
Net Interest Income after Provision for Credit Losses	210,646	188,691	145,837
Other Income:
Service Charges on Deposit Accounts	9,704	8,272	6,813
Gain (Loss) on Sales of Securities	(2,565)	(48)	378
Gain on Sales of Loans	1,972	574	10,117
Other Income	27,531	20,512	18,474
Total Other Income	36,642	29,310	35,782
Other Expenses:
Salaries and Employee Benefits	90,611	85,222	65,825
Occupancy and Equipment Expense	20,859	19,367	15,750
Other Expenses	45,232	44,820	35,486
Total Other Expenses	156,702	149,409	117,061
Income Before Income Taxes	90,586	68,592	64,558
Provision for Income Taxes	19,543	14,337	12,422
Net Income	71,043	54,255	52,136
Preferred Stock Dividends	5,401	1,350	-
Net Income Available to Common Shareholders	$65,642	$52,905	$52,136
Earnings Per Common Share:
Basic	$2.62	$2.34	$2.54
Diluted	$2.59	$2.32	$2.53

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.